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12023658
12023657

State Road PR 307 Km. 7.4, NA, PR For Sale

Christiansen Commercial Real Estate
Christiansen Commercial Real Estate
Listed by Christiansen Commercial Real Estate
$3,600,000
749 days on market
Updated 7 days ago

Vistas de la Bahia Motel - FOR SALE

Details
Property Type Hospitality
Sub Type Motel
Square Footage 50,000
Keys 1
Price per SqFt $72
Broker Co-Op Yes
Lot Size (SqFt) 50,000
Zoning RT-A (high-density residential touristic) & RT-I (intermediate residential touristic)

Hospitality | 1 Key

Marketing description

Located within the well-known Boqueron ward within Cabo Rojo, this charming property refers to the Vistas de la Bahía motel, a 33-room limited-service lodging facility, in addition to 10 two-bedroom apartments having a lobby/reception area, and two pools. The property consists of 3 structures built in concrete and concrete blocks with parking.

The property is specifically located at State Road PR-307, Km 7.4, steps from popular restaurants and stylish nightlife spots along El Poblado de Boquerón and a short driving distance to the beach.

The immediate neighborhood is considered a touristic area characterized by its excellent beaches, abundant wildlife, the Boquerón “Poblado”, the Boquerón Nautical Club, and the Boquerón Bay Marina.

In addition, the area is composed of single-family detached dwellings and supports small commercial properties such as restaurants, bakeries, hostels, boat rentals, bars, hardware stores, and car repair shops, among others.

The tourism industry in Puerto Rico has been showing record figures in the past year regarding occupancies and ADRs. This, coupled with the aggressive government tourism incentives and tax credit programs, makes this asset an ideal investment opportunity with tremendous upside potential.

Don't miss this excellent opportunity!

Investment highlights

Operating 33 room motel and 10 two-bedroom apartments

Site area: Approx. 12,000 SM

Amenities include a pool and a gazebo area

Parking: Approximately 21 parking stalls

Property tax id: 356-082-248-23-901

Zoning: RT-A (high-density residential touristic) & RT-I (intermediate residential touristic)

Flood: X (non-floodable area)

Coordinates: 18.0369823, -67.1802299

Seller Financing: Subject to negotiation


Listing Contacts

Christiansen Commercial Real Estate
Christiansen Commercial Real Estate
Listed by Christiansen Commercial Real Estate

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